PF1 CH#3 Review

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Author:
kkcarebear123
ID:
139891
Filename:
PF1 CH#3 Review
Updated:
2012-03-05 20:35:07
Tags:
PF1
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Description:
PF1 CH#3 Review Questions
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  1. Name three common types of allowances that employers provide to employees.
    • car
    • meals
    • uniforms
    • safety shoes
    • other work-related clothing
  2. Leslie receives $0.52 per kilometre for the first 5000 business kilometres she drives using her own vehicle and $0.46 for each business kilometre after. She does not receive an other compensation for the use of her car.

    Is this considered taxable or non-taxable to the employee by the CRA?
    non-taxable
  3. Due to late shipments, the employees who work in the shipping/receiving department are asked to work overtime every night this week The company reimburses the employees $15.00 each day for the cost of their dinners.

    Is this considered taxable or non-taxable to the employee by the CRA
    non-taxable
  4. Frances is given a credit card to buy gas for her car at Sunshine Fuels.

    Is this considered taxable or non-taxable to the employee by the CRA
    taxable
  5. Marcella took three clients to lunch on Wednesday and submitted the receipt to accounts payable with her expense claim.

    Is this considered taxable or non-taxable to the employee by the CRA
    non-taxable
  6. The company pays for the safety boots that Jennifer must wear on the job.

    Is this considered taxable or non-taxable to the employee by the CRA
    non-taxable
  7. Which statutory deductions apply to taxable allowance
    Taxable allowances are subject to withholding and reporting for Canada and Quebec Pension Plan contributions, EI and QPIP, federal and provincial income taxes and Northwest Territories and Nunavut payroll taxes.

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